{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-256878","form_type":"8-K","ticker":null,"cik":"0001338065","company_name":"DCP Midstream, LP","filed_at":"2023-10-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.697703+00:00","generated_at":"2026-06-09T23:08:58.409325+00:00","sec_items":["1.01","1.02","3.01","3.03","5.03","5.02","5.07","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"DCP Midstream redeems Series C Preferred units, delists them, removes independent directors","bullets":["Redeemed all 7.95% Series C Preferred Units on Oct 16, 2023; NYSE trading suspended and delisted.","Independent directors Fred J. Fowler, William F. Kimble, Bill W. Waycaster removed from board.","Entered new Services and Employee Secondment Agreement with Phillips 66 Company, replacing existing agreement.","Adopted Sixth Restated Partnership Agreement and other governance documents reflecting sole Phillips 66 ownership.","Written consent from all Common Unit holders approved the services agreement and new partnership agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-256878","json":"https://secwatch.observer/filing/0001193125-23-256878.json","markdown":"https://secwatch.observer/filing/0001193125-23-256878.md","text":"https://secwatch.observer/filing/0001193125-23-256878.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1338065/000119312523256878/0001193125-23-256878-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1338065/000119312523256878/d489085d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T23:08:58.409325+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4255f39ee8","claim":"Fred J. Fowler was removed as independent director at DCP Midstream, LP.","evidence_excerpt":"each of the independent directors serving on the Board of Directors, consisting of Fred J. Fowler, William F. Kimble and Bill W. Waycaster, were removed from their respective positions as members of the Board of Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1338065/000119312523256878/0001193125-23-256878-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"removed"},{"label":"Role","value":"independent director"}],"fact_type":"executive_change"},{"claim_id":"b3660d0862","claim":"William F. Kimble was removed as independent director at DCP Midstream, LP.","evidence_excerpt":"each of the independent directors serving on the Board of Directors, consisting of Fred J. Fowler, William F. Kimble and Bill W. Waycaster, were removed from their respective positions as members of the Board of Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1338065/000119312523256878/0001193125-23-256878-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"removed"},{"label":"Role","value":"independent director"}],"fact_type":"executive_change"},{"claim_id":"b4801b02e6","claim":"Bill W. Waycaster was removed as independent director at DCP Midstream, LP.","evidence_excerpt":"each of the independent directors serving on the Board of Directors, consisting of Fred J. Fowler, William F. Kimble and Bill W. Waycaster, were removed from their respective positions as members of the Board of Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1338065/000119312523256878/0001193125-23-256878-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"removed"},{"label":"Role","value":"independent director"}],"fact_type":"executive_change"},{"claim_id":"70aea03b2169e0df0a95495e371e3712d7758e58","claim":"DCP Midstream, LP: Second Amended and Restated Limited Liability Company Agreement of DCP Midstream GP, LLC replaced the prior LLC agreement (effective 2023-10-16).","evidence_excerpt":"On October 16, 2023, following the Redemption, DCP Midstream entered into a Second Amended and Restated Limited Liability Company Agreement of DCP Midstream GP, LLC (the “Second Restated GP LLC Agreement”), which amends and restates the Amended and Restated Limited Liability Company Agreement of DCP Midstream GP, LLC, dated as of December 7, 2005, as amended to date, in its entirety.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1338065/000119312523256878/0001193125-23-256878-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Effective","value":"2023-10-16"}],"fact_type":"governance_change"},{"claim_id":"83ff47502897a24a545d4e69711e5b4b7dbcb833","claim":"DCP Midstream, LP: Sixth Amended and Restated Agreement of Limited Partnership replaced the Fifth Restated Partnership Agreement (effective 2023-10-16).","evidence_excerpt":"On October 16, 2023, following the Redemption, Phillips 66 Project Development Inc., a Delaware corporation (“PDI”), DCP Midstream and the General Partner, being the holders of all of the outstanding partnership interests in the Partnership following the Redemption, entered into a Sixth Amended and Restated Agreement of Limited Partnership of DCP Midstream, LP (the “Sixth Restated Partnership Agreement”), which amends and restates the Fifth Amended and Restated Agreement of Limited Partnership of DCP Midstream, LP, dated as of November 6, 2019 (the “Fifth Restated Partnership Agreement”), in its entirety.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1338065/000119312523256878/0001193125-23-256878-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Effective","value":"2023-10-16"}],"fact_type":"governance_change"},{"claim_id":"b5e6365671ca1416aeb8fa37104fb759395e8cb9","claim":"DCP Midstream, LP: Second Amended and Restated Agreement of Limited Partnership of DCP Midstream GP, LP replaced the First Restated GP Partnership Agreement (effective 2023-10-16).","evidence_excerpt":"On October 16, 2023, following the Redemption, the General Partner and DCP Midstream entered into a Second Amended and Restated Agreement of Limited Partnership of DCP Midstream GP, LP (the “Second Restated GP Partnership Agreement”), which amends and restates the First Amended and Restated Agreement of Limited Partnership of DCP Midstream GP, LP, dated as of December 7, 2005, in its entirety.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1338065/000119312523256878/0001193125-23-256878-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Effective","value":"2023-10-16"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}